CBN Clarifies Operation of Domiciliary Accounts

The Central Bank of Nigeria (CBN) has formally clarified issues surrounding the operations of domiciliary accounts in Nigeria. Making the clarification in a chat with newsmen in Abuja , the Bank’s Director, Corporate Communications Department, Issac Okorafor stated that “the Bank has not  prohibited the acceptance of foreign currency  cash deposits by Deposit Money Banks.” … Continue reading CBN Clarifies Operation of Domiciliary Accounts